Solana

Bitcoin

Resistance

when

<a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow">Solana (SOL)</a> has experienced a notable increase, surpassing the $180 mark. The <a href="https://www.bitget.com/spot/SOLUSD?vipCode=94qs" rel="noopener noreferrer nofollow">SOL price</a> is demonstrating bullish tendencies, indicating a potential rise above the $185 resistance level, making <a href="https://cryptoticker.io/en/solana-price-prediction-will-sol-price-reach-200-amid-market-fluctuation" rel="noopener noreferrer nofollow">the major outbreak mark for Solana price the $200</a>. Is it achievable, and if so when to expect it?
<h2 id="strong-solana-price-analysis-a-bullish-surge-strong">Solana Price Analysis: A Bullish Surge</h2>
<a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Solana</a> maintained its positive momentum above $150, extending gains beyond $155. SOL initiated a fresh surge, overcoming the $162 and $165 resistance levels, outperforming both Bitcoin and Ethereum.
The Solana price surged above $180, gaining over 5% and testing the $185 resistance. A peak was reached at $185.11, with the price now consolidating gains near the 23.6% Fib retracement level, from the $170.58 low to the $185.11 high.
Currently, <a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow">Solana</a> is trading above the $177 level and the 100-hour simple moving average. The bullish trend line with support at $176 on the hourly chart remains crucial. This aligns closely with the 61.8% Fib retracement level of the upward move from the $170.58 low to the $185.11 high.
<figure class="image"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Overall_Performance_90189b8734.png" alt="By TradingView - SOL Overall Performance">
</figure>
<h2 id="strong-solana-price-prediction-support-levels-and-potential-corrections-strong">Solana Price Prediction: Support Levels and Potential Corrections</h2>
Should <a href="https://www.bitget.com/spot/SOLUSD?vipCode=94qs" rel="noopener noreferrer nofollow">Solana price</a> fail to break above the $185 resistance, a downside correction may begin. The initial support on the downside is near the $180 level. The first major support lies at $176, aligning with the trend line.
A breach below the $176 support level could push the price down to $168. A close below $168 may result in a decline toward the $155 support in the near term.
<h4>Technical Indicators</h4>
<ul>
 <li>Hourly MACD: The MACD for SOL/USD is gaining momentum in the bullish zone.</li>
 <li>Hourly RSI: The RSI for SOL/USD is above the 50 level, indicating strength.</li>
</ul>
Major Support Levels: $180, $176 Major Resistance Levels: $185, $188
On the upside, resistance is anticipated near the $185 level. The subsequent major resistance is around $188. Successfully closing above this level could pave the way for further steady increases. The next significant resistance is around $192, with potential gains driving the price toward the $200 mark.
<img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SOLUSD_2024_07_22_8f4e450c65.png" alt="By TradingView - SOLUSD_2024-07-22">

Solana Price Prediction: After Surpassing $180 Mark, When Is $200?

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